Correspondence 0001062993-23-017937 from XTRA-GOLD RESOURCES CORP (XTGRF) (CIK 0001288770) (XTGRF)
XTRA-GOLD RESOURCES CORP (XTGRF) (CIK 0001288770)
Date: Sept. 12, 2023 · CIK: 0001288770 · Accession: 0001062993-23-017937
AI Filing Summary & Sentiment
File numbers found in text: 333-139037
Referenced dates: August 15, 2023
Letter
United States Securities and Exchange Commission Division of Corporation Finance Office of Energy & Transportation Washington, D.C. 20549
Dear Sir/Madame:
Re: Xtra-Gold Resources Corp. (the "Issuer")
Form 20-F for the fiscal year ending December 31, 2022
Filed September 11, 2023
File No. 333-139037
This is further to your letter dated August 15, 2023 and our subsequent phone discussion with Brian McAllister on September 5, 2023.
For your ease of reference, we reproduce your queries and provide our responses concurrently.
Amendments to Form 20-F for the fiscal year ended December 31, 2022
Item 16F. Changes in Registrants Certifying Accountant, page 76
1. Please include as exhibits, the letters from your former accountants, Harbourside CPA and RBSM LLP, stating whether each accountant agrees or disagrees with the statements made by the company in response to Item 16F(a). See Item 16F(a)(3) of Form 20-F.
We have included the requested letters from our former accountants as exhibits. RBSM LLP (Exhibit 99.6) agrees with our disclosure noted in Item 16F(a), but unfortunately Harbourside CPA (Exhibit 99.4) is unable to provide an opinion because the firm closed down.
Item 18. Financial Statements, page 79
2. We note the recent amendment to the annual report includes auditor's opinion from Harbourside CPA and RBSM LLP at exhibits 99.1 and 99.2, respectively. We also note the amendment omitted the audit report from BF Borgers CPA PC and the three years of financial statements and footnotes previously filed as exhibit 99.1. Please provide a full amendment that includes all of the financial statements and the related financial information, and all three of the audit reports required to be provided in an annual report, pursuant to Item 18(a) of Form 20-F.
- 2 -
We have included all the discloser requested above.
Item 19. Exhibits, page 79
3. We note that management's certifications at exhibits 12.1, 12.2, 13.1, and 13.2 were not filed with the amendment. Please include currently dated certifications as exhibits to the full amendment of the Form 20-F. Refer to General Instructions B(e) of the Form 20-F.
We have included all the requested management certificates as exhibits noted above.
4. We refer you to exhibit 99.1. Please have your auditors revise their audit report at paragraph two of the basis for opinion section to refer to the standards of the Public Company Accounting Oversight Board (United States) rather than auditing standards. Refer to PCAOB Auditing Standard 3101 and Rule 1-02(d) of Regulation S-X.
As noted in our response to question 1, Harbourside CPA is no longer a registered accounting firm, and therefore cannot provide modifications to their audit report. Please refer to Exhibit 99.4.
Thank you for your consideration.
Yours truly,
Xtra-Gold Resources Corp.
per: James Longshore
Chief Executive Office
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Xtra-Gold Resources Corp.: CORRESP - Filed by newsfilecorp.com
September 11, 2023
BY EMAIL
United States Securities and Exchange Commission
Division of Corporation Finance
Office of Energy & Transportation
Washington, D.C. 20549
Dear Sir/Madame:
Re: Xtra-Gold Resources Corp. (the "Issuer")
Form 20-F for the fiscal year ending December 31, 2022
Filed September 11, 2023
File No. 333-139037
This is further to your letter dated August 15, 2023 and our subsequent phone discussion with Brian McAllister on September 5, 2023.
For your ease of reference, we reproduce your queries and provide our responses concurrently.
Amendments to Form 20-F for the fiscal year ended December 31, 2022
Item 16F. Changes in Registrants Certifying Accountant, page 76
1. Please include as exhibits, the letters from your former accountants, Harbourside CPA and RBSM LLP, stating whether each accountant agrees or disagrees with the statements made by the company in response to Item 16F(a). See Item 16F(a)(3) of Form 20-F.
We have included the requested letters from our former accountants as exhibits. RBSM LLP (Exhibit 99.6) agrees with our disclosure noted in Item 16F(a), but unfortunately Harbourside CPA (Exhibit 99.4) is unable to provide an opinion because the firm closed down.
Item 18. Financial Statements, page 79
2. We note the recent amendment to the annual report includes auditor's opinion from Harbourside CPA and RBSM LLP at exhibits 99.1 and 99.2, respectively. We also note the amendment omitted the audit report from BF Borgers CPA PC and the three years of financial statements and footnotes previously filed as exhibit 99.1. Please provide a full amendment that includes all of the financial statements and the related financial information, and all three of the audit reports required to be provided in an annual report, pursuant to Item 18(a) of Form 20-F.
- 2 -
We have included all the discloser requested above.
Item 19. Exhibits, page 79
3. We note that management's certifications at exhibits 12.1, 12.2, 13.1, and 13.2 were not filed with the amendment. Please include currently dated certifications as exhibits to the full amendment of the Form 20-F. Refer to General Instructions B(e) of the Form 20-F.
We have included all the requested management certificates as exhibits noted above.
4. We refer you to exhibit 99.1. Please have your auditors revise their audit report at paragraph two of the basis for opinion section to refer to the standards of the Public Company Accounting Oversight Board (United States) rather than auditing standards. Refer to PCAOB Auditing Standard 3101 and Rule 1-02(d) of Regulation S-X.
As noted in our response to question 1, Harbourside CPA is no longer a registered accounting firm, and therefore cannot provide modifications to their audit report. Please refer to Exhibit 99.4.
Thank you for your consideration.
Yours truly,
Xtra-Gold Resources Corp.
per: James Longshore
Chief Executive Office